Silver

Searching for an extreme low :

As shown on this weekly chart, Silver is searching for a significant extreme, as Primary-degree wave A(circle)’s low, around the mid line of its medium-term channel.

The Silver’s medium-term bear trend is approaching its conclusion, since an ending diagonal always terminates the wave structure at a larger degree and a reversal tends to be swift and sharp, retracing back to the origin of the diagonal pattern.

Silver - Weekly

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